Jun 21, 2013 6:00am PDT
there backing up investors. the fed was promising that if the economy didn't inprove, don't worry, we're going to continue with this very easy monetary policy. make sure there's plenty of money. a lot of liquidity. bernanke really made people realize that this pulling back, the tapering of the fed, this almost tightening, because they're not going to be as easy as they've been, this was the warning signal this was going to happen. a lot people had been pushing this out to 2014. maybe 2015. ben bernanke made it clear. this is going to be happening potentially even this year. and, you know, they say they don't ring a bell at the top of our markets. that that's the big question and the big game you have to play when you're investing. this was almost a bell to all those investors who worried, okay, this is a massive change, this is the time we need to move. that's what's been happening here. we do look like we're going to open by 60 points but that was about half the gains we saw early this morning. >> the market got its bell rung this week. have a great friday. enjoy your weekend. >>> we move on.
Jun 20, 2013 6:00am PDT
're seeing is ben bernanke is taking the training wheels off the economy. or will eventually be taking the training wheels often by pulling out all the quantitative easing, all the bond buying the fed has been doing. several rounds of this quantitative easing. it's boosted house prices. it's kept mortgage rates down. everybody's nervous when the fed stops buying up all these bond, the economy might not perform all that well and stocks are going to look a little expensive. so that's why you're seeing stocks sell off. that's why you're seeing mortgage rates go up. the ten-year treasury note is rising. the highest it's been in a couple years. think of ben bernanke as a drug dealer, he's taking the drugs away from the economy. >> everybody coming down from that high, as it were. the president in a conversation with charlie rose hinted bernanke would not serve a third term as fed chair. i'll play you a sound bite from that conversation. and then get your thoughts. >> ben bernanke's done an outstanding job. ben bernanke's a little bit like bob mueller, the head of the fbi, where he already s
Jun 19, 2013 6:00am PDT
of putting together a modern economy. >> susan? >> you can only imagine what a relief it is to talk to angela merkel after talking to the leader of russia in a difficult public forum, the leader of china, private, difficult conversations with the leader of afghanistan. i mean, merkel is an ally, someone he can rely on, someone he has built a relationship with, someone that at least a public appearances he has a better relationship now than at the beginning. >> cry, you've been talking to the white house today as wes. optical optically, they insist wild viewed as presumptuous, then senator obama's -- this time they said they were there at the invitation of the german leader. what does the white house tell you about the significance and the way they view it of this moment? >> they view this as an incredibly symbolic moment. this symbol of german reunification, so i think you will hear him touch on that. there will be university students in this audience. this has been a big theme for the obama administration. we saw there in israel when he spoke to university students. this will be a speech abo
Jun 17, 2013 9:00am EDT
at this lakeside resort in ireland was supposed to be the economy, trade. the meetings will be dominated by an issue that was not on the agenda. syria, as the u.s. and most of its western allies troo toy figure out a way to prop up that opposition in the country's two-year-old civil war. the old g-7 basically came together as a way to -- a bit of a counterforce to the soviet union. and now of course this country, number eight, russia. vladimir putin has stuck by syria's leader bashar al assad. in fact, before arriving in northern ireland, putin met with british prime minister david cameron. his comments after that meeting seemed to foreshadow a cold war-like exchange over syria with president obama when the the two meet later today. >> in regards to the supplies of weapons to the assad government and as regards to who has the blood of the children and peaceful citizens of syria, i believe you will not deny that the blood is on the hands of both parties. >> of course, president obama has been a very reluckant supporter of arming the syrian opposition. and it's meant he's gotten a lot of b